Tell Charles Krauthammer It Was the Private investment Firms, Not Fannie and Freddie
Charles Krauthammer wants to blame the financial crisis on the Community Reinvestment Act for forcing Freddie and Fannie to issue lots of minority, low-income, and distressed neighborhood sub-prime loans. That's bunk! It was private lenders, not Fannie and Freddie that issued nearly all of the subprime mortgages and triggered the crisis. And they were not subject to the CRA at all!
Tell Charles that you won't stand for his twisted, revisionist history!